Letter: Are reserves fallback piggy bank?

AnchorageApril 21, 2013 

I read in an ADN story that Sen. Anna Fairclough said words to the effect that if we have a budget shortfall due to the oil tax giveaway, we could always dip into our reserves to make up the difference.

Several months ago, my senator, Cathy Giessel, told me by email that we needed to reduce oil taxes so that more oil would be put into the pipeline and we wouldn’t have a budget shortfall, nor a need to tap the reserves.

I’m confused. Can someone enlighten me?

— Susan Valenti


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